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Clean Money portal launched by Govt to track evaders

Finance Minister Arun Jaitley said the message is clear that it's no longer safe to deal with excessive cash as through the use of technology and data analytics, it has become easier to detect tax evaders.

Jaitley said demonetisation had led to an increase in the number of assessees and tax revenues

Finance Minister Arun Jaitley launches clean money web portal

The website will have thematic reports, details on actions taken by the tax department under the initiative, especially with reference to clusters such as jewellers, petrol pump owners.

FM Arun Jaitley during launch of clean money web portal

The tax department plans to undertake enforcement actions against the persons in high risk category, which has around 1 lakh persons, with the amount of deposits involved estimated to be around Rs 1.72 lakh crore.